Three separate attacks on ships would mark the highest number since...
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AI’s biggest challenge is restoring trust in Indian insurance industry: PwC
L-R-Girija Subramanian, CMD, New India Assurance, G Srinivasan,...
Liberty General Insurance organises road safety and insurance awareness drive in Delhi
On the occasion of Insurance Awareness Day, Liberty General...
Black Sea war insurance rates jump after tanker attacks, sources say
``Black Sea war rates were extremely volatile and were changing on a daily basis.Right now, they are spiking due to a number of incidents, and we wouldn’t be surprised to be quoted in excess of 1%, dependent on the vessel’s value, ownership or proposed port of call,,...
“Increase profitable biz,maintain market share and strengthen retail portfolios”DFS Secy to PSU insurers
Nagaraju also stressed that high priority should be given to the timely resolution of public grievances and to ensuring seamless and prompt claims processing, in order to provide efficient services to customers. New Delhi: Outlining the action plans for PSU insurers...
ICICI Lombard General Insurance net profit falls 9% to Rs 659 crore in Q3FY26
Combined ratio,— a key measure of underwriting profitability- of the company was at 104.5% in Q3 FY2026 compared to 102.7% in Q3 FY2025.Underwriting losses of the company more than doubled to Rs 353.78 crore in the reporting quarter from Rs152 crore in the year-ago...
Economic growth strongest, most sustainable form of financial inclusion: CEA
V Anantha Nageswaran,Chief Economic Adviser He also emphasised that mainstream banks must actively absorb the new proven borrowers, such as PM SVANidhi beneficiaries, into their core portfolios, offering regular loans, insurance, and working capital lines, not just as...
Natural Disasters in 2025: Alarming rise in floods, severe convective storms and wildfires
Tobias Grimm, Munich Re’s Chief Climatologist: “A warming world makes extreme weather disasters more likely. Given that 2025 was another very warm year, the past 12 years have been the warmest on record. The warning signs persist. Indeed, under the prevailing...
Narayana Murthy backed general insurer Acko plans $350 million IPO
The IPO, which may include a mix of primary shares and secondary sales by existing investors, is likely to be launched in the second half of the year, sources said Mumbai: Narayana Murthy and Amazon backed digital general insurer Acko Technology & Services Pvt....
Bobby Swarup’s Niyam Grp receives Lloyd’s in-principle to establish Syndicate 2047, to focus on India and other high growth Asian and African markets
Bobby Swarup, Founder and CEO of Niyam Group, said “I am grateful to Lloyd’s, our investor J.C. Flowers & Co. and their adviser Macquarie Capital, and to our partners, Guy Carpenter and PoloWorks, for their belief in Niyam and its purpose. This marks the beginning...
Natural disasters cause US$224bn global damage in 2025, insured losses at US$ 108bn, says Munich Re
In the Asia-Pacific region, natural disasters resulted in overall losses amounting to roughly US$ 73bn; this is above the 10-year average of US$ 66bn. Only US$ 9bn was insured. In many lower-income countries, insurance penetration remains below 5% Munich: Natural...
Tamil Nadu pays Rs 1237.80 cr of premium to UII for renewing state’s health insurance scheme in 2026-27
The scheme provides cashless hospitalization for specific ailments/procedures up to ₹5,00,000 per family per year on a floater basis and from January 2022 to 2027, the scheme is being implemented through UII. Chennai:The Govt of Tamilnadu on Monday has renewed their...
Nexus acquires medical tourism specialist Sure Insurance Services
The business will become part of Millstream Underwriting, which has been owned by Nexus since 2015 London: Nexus Underwriting (Nexus), announced today that it has acquired Sure Insurance Services (Sure), a leading provider of specialist solutions for the medical...